SOC 1 Audits and Attestation Services
Independent SOC 1 Type 1 and Type 2 Audits From Experienced CPA Auditors
MHM is a licensed CPA firm specializing exclusively in independent compliance audits, providing SOC 1 examinations for service organizations whose systems and processes impact customer financial reporting. Our experienced auditors evaluate controls relevant to financial reporting and deliver SOC 1 Type 1 and Type 2 reports that provide management, user entities, and their auditors with meaningful insight into the effectiveness of those controls.
Why Choose MHM for Your SOC 1 Audit
Independent SOC 1 examinations performed by experienced auditors with deep expertise in financial reporting controls and modern service organizations.
Experienced SOC 1 Auditors
Expertise in financial reporting controls.
MHM performs SOC 1 Type 1 and Type 2 examinations using a structured audit approach focused on understanding your services, control environment, and the financial reporting risks.
Financial Reporting Focus
Controls aligned with customer audit requirements
MHM focuses on evaluating controls relevant to financial reporting, helping service organizations provide meaningful information to customers and their external auditors.
Trusted Attestation Services
Independent reporting backed by professional standards
As a licensed Canadian CPA firm, MHM provides SOC 1 attestation services with the independence, professional standards, and reporting quality expected from an experienced audit firm.
Service Organization Expertise
Built for organizations supporting critical customer processes
MHM understands the unique requirements of service organizations and the importance of reliable controls, documented processes, and audit-ready evidence.
What is a SOC 1 Report?
A SOC 1 report is an independent examination of controls at a service organization that may impact its customers’ financial reporting. The report provides management, user entities, and their auditors with information about the design and operating effectiveness of relevant controls.
SOC 1 is relevant for organizations whose services, systems, or processes support activities that impact customer financial reporting or internal controls over financial reporting. A SOC 1 Type 1 report evaluates whether controls are suitably designed and implemented at a specific point in time, while a SOC 1 Type 2 report evaluates whether those controls are designed appropriately and operating effectively over a defined period.
Unlike SOC 2, which focuses on trust services criteria such as security and availability, SOC 1 focuses specifically on controls relevant to financial reporting.
SOC 1 Type 1 vs Type 2 Reports
SOC 1 Type 1
Evaluates whether controls are suitably designed and implemented at a specific point in time.
SOC 1 Type 2
Evaluates whether controls are suitably designed and operating effectively over a defined period.
SOC 1 vs SOC 2: Understanding the Difference
A SOC 1 report focuses on controls relevant to financial reporting, while a SOC 2 report evaluates controls related to the Trust Services Criteria, including security, availability, processing integrity, confidentiality, and privacy.
Who Needs a SOC 1 Report?
SOC 1 reports are designed for service organizations whose systems, applications, or processes impact their customers’ financial reporting. Organizations typically pursue SOC 1 when their customers, auditors, or business partners need independent evidence that relevant controls are appropriately designed and operating effectively. A SOC 1 report may be appropriate for organizations that:
Payroll and HR Service Providers
Financial Technology and Payment Platforms
Outsourced Business Process Providers
Software and Technology Service Providers Supporting Financial Processes
Managed Service Providers
Organizations Supporting Enterprise Customers
If your organization provides a service that your customers rely on for financial reporting, a SOC 1 report may help satisfy customer due diligence and auditor requirements.
Ready to Begin Your SOC 1 Audit?
Whether you require a SOC 1 Type 1 or Type 2 report, MHM can help you understand the examination process, reporting requirements, and next steps for your organization.